Stocks to watch: Bharti Airtel, Nykaa, Marico, Trent among 10 shares in focus today; full list here
Introduction
The Indian stock market continues to navigate mixed global signals, keeping investors cautious yet selective. After a range-bound session on Wednesday, market participants are closely watching key stocks and corporate developments that could influence trading sentiment today.
Market Recap: How Dalal Street Closed
On Wednesday, Indian equities ended marginally higher amid mixed global cues. The Sensex gained 79 points or 0.09 percent to close at 83,817.69, while the Nifty 50 advanced 48 points or 0.19 percent to settle at 25,776.
According to Ajit Mishra, SVP – Research, Religare Broking Ltd, markets traded within a narrow range as investors evaluated follow-through after Tuesday’s strong rally triggered by the India–US trade deal. Sectoral performance remained mixed, with strength in auto, metal, and energy stocks, while IT stocks witnessed sharp underperformance. Market breadth stayed positive, supported by renewed interest in midcap and smallcap stocks.
Global Cues to Watch
The Indian market is likely to open on a flat note on Thursday, tracking weak cues from overseas markets. Asian markets traded mixed, while US stocks closed mostly lower overnight due to continued selling pressure in technology shares. These global trends may keep domestic indices volatile in early trade.
Stocks in Focus Today
Q3 Results Today
Shares of Bharti Airtel, Nykaa, Hero Motocorp, LIC, Indian Oil Corporation, and Tata Motors Passenger Vehicles will remain in focus as these companies are scheduled to announce their Q3 results today.
Trent
Trent reported a strong operational performance for the December quarter. The company posted a 14.8 percent year-on-year increase in revenue, while EBITDA surged 27.6 percent to ₹1,081.7 crore, reflecting healthy demand and operational efficiency.
Tata Power
Tata Power reported a marginal 0.6 percent rise in profit at ₹1,194.3 crore compared to ₹1,187.5 crore a year ago. However, revenue declined sharply by 9.4 percent to ₹13,948.4 crore, down from ₹15,391 crore in the corresponding quarter last year.
Marico
Marico has entered into definitive agreements for a strategic investment in Cosmix Wellness, the owner of Cosmix, a leading digital-first functional wellness brand in India. The move highlights Marico’s focus on expanding its presence in the fast-growing wellness segment.
NHPC
NHPC announced that its board has approved the cancellation of the memorandum of understanding with the Green Energy Development Corporation of Odisha. The proposed joint venture was intended to execute solar power projects in the state.
Power Grid Corporation of India
Power Grid Corporation of India stated that the Ministry of Corporate Affairs has approved the merger of 17 of its subsidiaries into two entities, a move expected to simplify operations and improve efficiency.
Cummins
Cummins reported an 11.9 percent year-on-year decline in net profit for the third quarter. Earnings slipped to ₹453 crore from ₹514 crore in the same period last year, reflecting margin pressure.
Sterlite Technologies
Sterlite Technologies will be in focus as its board is scheduled to meet on February 7 to consider a proposal to raise funds through equity shares, warrants, or convertible securities via preferential allotment to promoters.
NSDL
NSDL is expected to see heightened activity as 149.2 million shares, representing 75 percent of its total outstanding equity, become eligible for trading following the expiry of the six-month shareholder lock-in period.
Emami
Emami reported a strong performance in the December quarter, with consolidated net profit rising 15 percent year-on-year to ₹319 crore, compared with ₹279 crore in the same period last year.
Conclusion
With mixed global cues and several important corporate announcements lined up, market participants are expected to remain stock-specific today. Q3 earnings, strategic investments, corporate restructuring, and regulatory developments will play a crucial role in determining intraday movements.
Disclaimer
This story is for educational purposes only. Please consult with a certified investment advisor before making any investment decisions.
